For general discussions of term structure theory, see [1-3]. Critical analyses of the expections explanation are contained in  and . The liquidity preference explanation is explored in  Immunization in a term structure environment was originated in 
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2 Homer, S , and M Liebowitz (1972), Inside the Yield Book New Tools for Bond Market
Strategy, Prentice Hall, Englewood Cliffs, NI.
3 Van Home, .1 C (1990), Financial Market Rates tfe flows, Prentice Hall, Englewood
4 Russell, S (July/August 1992), "Understanding the Term Structure of Interest Rates: The
Expectations Theory," Federal Reserve Bank of St Louis Review, 36-51
5 Cox, I, J Ingersoll, and S Ross (September 1981), "A Reexamination of Traditional
Hypotheses about the Term Structure of Interest Rates," fou mal of Finance, 36, 769-99
6 Fama, E (1984), "The Information in the Term Structure," Journal of Financial Economics,
7 Fisher, L„ and R L Weil (October 1977), "Coping with the Risk of Market-Rate Fluctua tions: Returns to Bondholders from Naive and Optimal Strategies," Journal of Business, 44, 408-431
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